Form 4: PG&E Executive Glickman Receives RSU Grant

PG&E Corp's EVP of Strategy and Growth, Jason M Glickman, received a grant of 27,473 Restricted Stock Units, with 5,888 shares subsequently forfeited for tax obligations.

Summary

• Jason M Glickman, EVP, Strategy and Growth at PG&E Corp, was granted 27,473 Restricted Stock Units (RSUs) on March 2, 2026.
• These RSUs are payable in shares of PG&E Corporation stock on a one-for-one basis under the 2021 Long-Term Incentive Plan.
• On March 3, 2026, 5,888 shares were forfeited to satisfy tax withholding obligations related to the vesting of RSUs, at a price of $19.11 per share.
• Following these transactions, Glickman beneficially owns 183,697 shares of common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a slightly positive event, reflecting routine executive compensation and incentive alignment, which is generally a healthy sign for corporate governance and management motivation.

Positives

• The grant of 27,473 Restricted Stock Units aligns management's interests with shareholders through equity incentives.
• The transaction is part of the PG&E Corporation 2021 Long-Term Incentive Plan, indicating a structured approach to executive compensation.

Negatives

• 5,888 shares were forfeited to cover tax withholding obligations, reducing the immediate net share gain from the RSU vesting.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that RSU grants and subsequent tax-related forfeitures are standard practices in executive compensation across various industries, particularly in large utilities like PG&E, to incentivize long-term performance and align executive interests with shareholder value.

Related Party Transactions

• Grant of 27,473 Restricted Stock Units to EVP, Strategy and Growth Jason M Glickman under the PG&E Corporation 2021 Long-Term Incentive Plan.

Stakeholder Impact

• Shareholders: The RSU grant aligns executive incentives with long-term shareholder value. The forfeiture for taxes is a routine administrative step.
• Management: Jason M Glickman receives additional equity compensation, increasing his stake and incentive to perform.

Key Dates

Keywords

PG&E Corp, PCG, Jason Glickman, Restricted Stock Units, RSU, Insider Transaction, Executive Compensation, Equity Grant, Form 4, Stock Forfeiture, Tax Withholding